Timothy Riitters Sells 10,420 Shares of Pure Storage Inc (NYSE:PSTG) Stock

Pure Storage Inc (NYSE:PSTG) CFO Timothy Riitters sold 10,420 shares of Pure Storage stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $15.65, for a total transaction of $163,073.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Timothy Riitters also recently made the following trade(s):

  • On Thursday, May 30th, Timothy Riitters sold 10,420 shares of Pure Storage stock. The stock was sold at an average price of $16.03, for a total transaction of $167,032.60.
  • On Thursday, March 28th, Timothy Riitters sold 5,210 shares of Pure Storage stock. The stock was sold at an average price of $21.33, for a total transaction of $111,129.30.
  • On Tuesday, March 26th, Timothy Riitters sold 5,210 shares of Pure Storage stock. The stock was sold at an average price of $20.89, for a total transaction of $108,836.90.
  • On Thursday, March 21st, Timothy Riitters sold 5,210 shares of Pure Storage stock. The stock was sold at an average price of $21.46, for a total transaction of $111,806.60.
  • On Tuesday, March 19th, Timothy Riitters sold 5,210 shares of Pure Storage stock. The stock was sold at an average price of $21.04, for a total transaction of $109,618.40.

Shares of NYSE:PSTG traded down $0.16 during trading on Friday, reaching $15.47. The stock had a trading volume of 116,663 shares, compared to its average volume of 5,453,714. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.35 and a quick ratio of 3.25. The firm has a market cap of $3.83 billion, a PE ratio of -22.01 and a beta of 2.00. Pure Storage Inc has a fifty-two week low of $13.99 and a fifty-two week high of $29.14.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings data on Tuesday, May 21st. The technology company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.08). The firm had revenue of $326.70 million during the quarter, compared to analyst estimates of $333.83 million. Pure Storage had a negative net margin of 14.99% and a negative return on equity of 25.55%. As a group, sell-side analysts expect that Pure Storage Inc will post -0.79 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. IFG Advisory LLC increased its position in Pure Storage by 1.0% during the first quarter. IFG Advisory LLC now owns 56,172 shares of the technology company’s stock worth $1,223,000 after purchasing an additional 536 shares during the last quarter. WealthTrust Fairport LLC increased its position in Pure Storage by 19.6% during the fourth quarter. WealthTrust Fairport LLC now owns 7,278 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,192 shares during the last quarter. California State Teachers Retirement System increased its position in Pure Storage by 0.5% during the first quarter. California State Teachers Retirement System now owns 260,242 shares of the technology company’s stock worth $5,671,000 after purchasing an additional 1,279 shares during the last quarter. Sonora Investment Management LLC increased its position in Pure Storage by 68.1% during the first quarter. Sonora Investment Management LLC now owns 3,210 shares of the technology company’s stock worth $70,000 after purchasing an additional 1,300 shares during the last quarter. Finally, GAM Holding AG increased its position in Pure Storage by 0.9% during the first quarter. GAM Holding AG now owns 154,609 shares of the technology company’s stock worth $3,369,000 after purchasing an additional 1,435 shares during the last quarter. 81.77% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on PSTG. Piper Jaffray Companies cut their target price on shares of Pure Storage from $25.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, May 22nd. Cowen restated an “outperform” rating and set a $28.00 target price (down previously from $30.00) on shares of Pure Storage in a research report on Wednesday, May 22nd. Stifel Nicolaus cut their target price on shares of Pure Storage from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, May 22nd. Zacks Investment Research cut shares of Pure Storage from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Credit Suisse Group cut their target price on shares of Pure Storage from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.83.

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Pure Storage Company Profile

Pure Storage, Inc engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud-based management and support software; and FlashStack and Artificial Intelligence Ready Infrastructure converged infrastructure solutions.

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Insider Buying and Selling by Quarter for Pure Storage (NYSE:PSTG)

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